Virginia Retirement Systems ET AL Invests $310,000 in Caleres Inc. (CAL)
Virginia Retirement Systems ET AL acquired a new position in shares of Caleres Inc. (NYSE:CAL) during the second quarter, Holdings Channel reports. The fund acquired 12,800 shares of the company’s stock, valued at approximately $310,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CAL. Virginia Retirement System bought a new position in shares of Caleres during the first quarter worth $419,000. Prudential Financial Inc. raised its position in shares of Caleres by 8.6% in the first quarter. Prudential Financial Inc. now owns 110,313 shares of the company’s stock worth $3,121,000 after buying an additional 8,700 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Caleres by 7.4% in the first quarter. Franklin Resources Inc. now owns 1,695,098 shares of the company’s stock worth $47,954,000 after buying an additional 116,700 shares during the last quarter. BlackRock Group LTD raised its position in shares of Caleres by 15.0% in the first quarter. BlackRock Group LTD now owns 46,147 shares of the company’s stock worth $1,306,000 after buying an additional 6,024 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Caleres by 1.2% in the first quarter. BlackRock Fund Advisors now owns 2,759,777 shares of the company’s stock worth $78,074,000 after buying an additional 33,471 shares during the last quarter. Hedge funds and other institutional investors own 85.60% of the company’s stock.
Shares of Caleres Inc. (NYSE:CAL) opened at 26.07 on Monday. The stock has a 50 day moving average of $25.29 and a 200-day moving average of $25.16. Caleres Inc. has a 12 month low of $21.27 and a 12 month high of $31.82. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 13.79 and a beta of 0.80.
Caleres (NYSE:CAL) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. The business earned $622.94 million during the quarter, compared to the consensus estimate of $638.71 million. Caleres had a net margin of 3.26% and a return on equity of 13.87%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. On average, analysts forecast that Caleres Inc. will post $0.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, September 15th. Caleres’s dividend payout ratio is presently 14.66%.
A number of brokerages have weighed in on CAL. Zacks Investment Research raised shares of Caleres from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. Susquehanna began coverage on shares of Caleres in a research note on Friday, September 16th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $30.00 price target on shares of Caleres in a research note on Wednesday, September 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $27.67.
Caleres, Inc, formerly Brown Shoe Company, Inc, is a global footwear retailer and wholesaler. The Company is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It operates through two segments: Famous Footwear, which includes its Famous Footwear stores and Famous.com, and Brand Portfolio, which offers retailers and consumers a portfolio of brands from its Healthy Living and Contemporary Fashion platforms.
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